2016 archive

Massachusetts AG Tackles Exxon Over Climate Change Fight

  The Climate Change war between Exxon Mobil Corp. and Massachusetts Attorney General Maura Healey heated up this week in a Texas federal court where Healey asked a judge to throw out Exxon’s lawsuit. Healey contends the suit is a “transparent attempt at forum shopping” in the company’s fight against her climate change investigation. She …

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STACK, SCOOP and Leasing Weigh Heavily in Panhandle’s Future Despite 3Q Loss

Oklahoma City-based Panhandle Oil and Gas Inc. reported a third quarter net loss of $787,000, or a loss of 5 cents per share, on Monday, according to a company press release. The oil and gas company reported a net loss of $729,000, or a loss of 4 cents per share, for the same quarter a …

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WTI, Brent Fall on News of Government Data Reports

After reaching a two-week high, crude oil futures retreated on Tuesday as traders pondered government data reports suggesting an increase in inventories, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, West Texas Intermediate crude futures for September delivery fell 25 cents, or 0.6%, to settle at $42.77 a barrel. October Brent crude, the …

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Completion Reports August 10, 2016

ALFALFA COUNTY Sandridge Exploration & Production Llc 27 27N 11W Presley Swd 1-27, May 12, 2016 SH, DISP, TD: 7464 ft Lat: 36.78338, Long: -98.36724 API: 35003221630003 DEWEY COUNTY Jma Energy Company Llc Douglas(7097): Oil 2 Gas 22 Flow 30 17N 17W Collier Farms 1-30, June 27, 2016 SH, OIL, TD: 7650 ft Lat: 35.92300, …

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Permits to Drill August 10, 2016

Grady County VINSON #3-22X27H, August 08 2016 15 3N 5W SWSESWSW API: 05124058 Lat: 34.7254450953364, Long: -97.71837898627595 VITRUVIAN II WOODFORD LLC HH, DR, 26260 ft, SYCAMORE(15014), WOODFORD(15210), HUNTON(15455) Grady County STRASSLE #1-28-33XH, August 09 2016 21 7N 5W NWSESWSW API: 05124059 Lat: 35.06030330307087, Long: -97.73807225648864 CONTINENTAL RESOURCES INC HH, DR, 21375 ft, SPRINGER(10816), MISSISSIPPIAN(11184) Grady …

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STACK Draws Attention From More Texas Energy Producers

Two more Texas energy firms think Oklahoma’s STACK is such a hot prospect, they’ve formed a joint venture to begin exploration there. Houston-based midstream companies Plains All American Pipeline LP and Phillips 66 Partners LP have joined forces, with Phillips 66 Partners kicking in $50 million in cash for its 50 percent interest in the …

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Denver Energy Firm Makes $980 Million Purchase in Midland Basin

More property in west Texas is exchanging hands among energy companies as Denver-based SM Energy announced this week its purchase of 46,750 net acres in the Midland Basin. The company said the $980 million purchase includes nearly 4,900 BOEPD of production, two new wells coming online this month and 6 MMBOE of PDP reserves from …

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Arkansas Oklahoma Gas Corporation Sold

The dollar amount wasn’t disclosed but Summit Utilities, a privately held holding company is becoming the new owner of the Arkansas Oklahoma Gas Corporation. Summit operates natural gas distribution subsidiaries in Colorado, Missouri and Maine and will soon take over the serving of nearly 60,000 natural gas utility customers in Oklahoma and Arkansas, according to …

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Tulsa Firm One of Buyers of Newfield Energy’s Texas Holdings

More details are coming out about Newfield Exploration Company’s decision to unload all of its Texas assets so it can focus strongly on Oklahoma’s rich STACK play. Turns out one of the buyers of Newfield’s unconventional assets in the Eagle Ford Shale is Tulsa-based Protégé Energy, a firm founded just 12 years ago by former …

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Counting Underway on Two Anti-Fracking Petitions in Colorado

Opponents of fracking in Colorado have submitted two anti-fracking amendments to state officials, promising they raised at least 100,000 signatures to get them on the November ballot. Each must have 98,492 valid signatures and Lauren Petrie, Rocky Mountain director of the green group Food and Water Watch says they have them. “This is a significant …

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